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International Construction Projects – CAR / EAR Engineering
Energy, Property & Construction
AXA XL Insurance offers coverage to national and multinational companies for both complex and standard public and private projects. We also offer global program solutions for clients with projects / turnovers across the globe.

Product details

Capacity

Up to USD 200 mio MFL basis

Coverage

The scope of coverage can be made to tailor to each client’s individual needs, significant capacity can be offered in various methods:

  • Full Value / Quota Share Cover
  • Excess of Loss Layers
  • Reinsurance

Whether a large complex projects or more standard project or annual policy we can offer:

  • Delay in start-up
  • Third-party liability for onsite activities (except US, Canada, Australia and New Zealand)
  • Turnover coverages available to certain clients with construction/erection exposures
  • Special package policies ranging from marine cargo to construction/erection phases, which can include the first 12 months operational risk
  • Dommages-Ouvrage (France)
  • Inherent Defects Insurance ( UK, France, Belgium, Luxembourg and Spain)

Client Profiles

The size of our clients vary from project to project; but we target clients with sound risk management programs in place or those who are implementing them

Typical Information Required

Policy terms/coverages required:

  • Project description
  • Limits of coverage needed
  • Project time schedules
  • Site/engineering plans
  • Project value breakdown
  • Additional information as needed

Benefits & Services

  • Bespoke tailor made solutions
  • Global network
  • Ability to issue locally admitted policies
  • Knowledge of local rules and regulations
  • Global Claims network
  • Prompt and equitable claims handling
  • Effective solutions for the most complicated claim issues
  • Association/partnership with leading industry field experts
  • Risk control and loss prevention services

The information contained herein is intended for informational purposes only. It’s is neither an offer to sell nor a solicitation to purchase any particular insurance product. Insurance coverage in any particular case will depend upon the type of policy in effect, the terms, conditions and exclusions in any such policy, and the facts of each unique situation. No representation is made that any specific insurance coverage would apply in the circumstances outlined herein. Please refer to the individual policy forms for specific coverage details. AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk Consulting. In the US, the AXA XL insurance companies are: AXA Insurance Company, Catlin Insurance Company, Inc., Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Insurance Company. In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA Group. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.

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